Dow Jones – Inside Bar At Highs
With the US having a 3 day weekend coming up from the Monday Labor Day, I’m expecting volumes to thin out for the rest of the week, especially on the US indices. Today the major US index formed an inside bar at the highs, and intra-day charts are hinting at a small reprieve, or perhaps some profit-taking/mild pullback for now.

If the price action breaks above Monday’s high, then intra-day bulls will likely jump in thinking the bull trend marches on. However, if Monday’s low gets taken out, then we’ll likely seem some profit taking from the medium term bulls, with a pullback initially testing 17,000 before pausing.

NO FINANCIAL ADVICE - The Information on 2ndSkiesForex.com, and any correspondence from 2ndSkiesForex.com or contractors and/or employees of the site is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The information contained in or provided from or through this site is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this site and provided from or through this site is general in nature and is not specific to you the user or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS SITE WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all information available on or through this site AT YOUR OWN RISK.

RISK STATEMENT - The trading of foreign currency, stocks, futures, commodities, index futures or any other securities has potential rewards, and it also has potential risks involved. Trading may not be suitable for all users of this website. Anyone wishing to invest should seek his or her own independent financial or professional advice.

Need To Improve You Trading?

Sign up now to receive a free ebook on How to Get an Edge trading the Forex markets

Learn what it Means to Have an Edge

Learn what are the Key Moves in the Market

Discover an Intra-day Trading Tool For Precise Entries & Exits

As a bonus for signing up, you will also get exclusive access to our monthly newsletter, which contains insights not published on the website